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the feds would have to furlough hundreds of thousands of workers. jennifer griffin is at the pentagon tonight. how bad do officials say this will be for the military. >> in if you listen to the military, really bad. >> instead of a first rate power in the world second rated power that would be the result of sequester. >> you won't hear this chairman arguing we need to do more with less. if that happens we need to do less with less. >> the real problem is as the u.s. and allies. adversaries are doing opposite. russia will surpass defense spending in just two years. china is slated to overtake the u.s. in 2035, shepard. >> shepard: jennifer, analysts are saying that the u.s. defense budget is still larger than the next 13 countries combined. how in the world could this make us a second rate power? if is six times larger than china's official defense spending. >> you have seen double digit a increases in chinese defense spending for more than 15 years now. that should not only give pause to the united states but it really should be a source of concern for the countries in the region as w
hit the pentagon and as you talked about defense secretary leon panetta earlier testifying on benghazi. he also testified about these budget cuts. he said it would have a dramatic impact on the american people and the country's military readiness with all these big threats all around the world, shep. >> shepard: republicans aren't bending either here. >> no, they aren't. they are saying, look, they are not going to swallow more tax increases that the president laid out there a moment ago. and they also said that when you look at the latest fox news poll, take a look at what the american people are saying about how they don't want more tax increases, they want more spending cuts. when asked whether the president -- they agreed with the president saying the government does not have a spending problem, they think it does. 83% say yes, there is a spending problem. only 14% say no. and that's why senate republican leader mitch mcconnell says they are not going to bend on raising taxes. take a listen. >> the american people will not accept another tax increase to put off a spending cut that
Search Results 0 to 3 of about 4 (some duplicates have been removed)